For Safe Trade

GOLD
for the day buy only abv 11990-12000 S/L 11970 and T/p 12050-70 atleast upto 12140-50 OR buy ard 11800-810 S/L 11790 and T/p 11850-900 (any time close above 11980 bullish while close below 11475/11300/10950-900/10500/ 10050/9850/9575 bearish for medium term)

SILVER

or the day buy abv 22725 S/L 22650 and T/p 22800-900/23000 OR buy ard 22380-400 S/L 22350 and T/p 22525-625 (any time close below 21700 -475/20950/20300/19725/19375/ 19000/ 18625/18250/18100/17750/17050/ 16450 bearish rally while close above 22725/23150 bullish for medium term)

CRUDE

EIA Crude oil Inventory schedule to release today. book profit on buy abv 3815/3910, for the day buy only abv 3970-75 S/L 3955 and T/p 4000-25 atleast upto 4080 in days to come OR buy ard 3898-3902 S/L 3890 and T/p 3930-50 (now crude need to close above 3970 for bullish rally while close below 3790/3635-3590/3475/3395/3350/3090/ 2810 bearish for medium term)

COPPER

for the day buy only abv 328 S/L 327 and T/p 330-32/sustain abv 332 seen new rally test 342-45 atleast in day to come OR buy ard 321-321.25 S/L 320.5 and T/p 323-325 (upside strong rally only on close above 328/ 332/348 while close below 307-302/ 286.5/278/270/265/250/235 bearish for medium term)


MCXARUN
9994500540

Bullion comex long view

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 955-965 UPTO $ 990-1000 WITH ANY SUSTAIN CLOSE ABOVE $937, AND UNLESS CLOSE BELOW $ 913 AGAIN CORRECTION AHEAD

SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 17.90-18 UPTO $ 18.40-50 WITH ANY SUSTAIN CLOSE
ABOVE $ 17.65, AND UNLESS CLOSE BELOW $ 17.15 AGAIN CORRECTION AHEAD

MCXARUN
9994500540

Bullion intraday

Gold was little changed near a three- week high in Asia after crude oil reached a record yesterday, boosting the appeal of bullion as a hedge against inflation.

· MCX Gold rose to a high of Rs. 11979 per 10 gram and MCX Silver march tested a high of Rs. 22714 per kg. International spot gold traded as high as $ 945.20 and last quoted at $944.50.

· Gold will continue to benefit from gains in other commodities such as base metals and agricultural commodities, as demand for a hedge against accelerating consumer prices rises. The UBS Bloomberg Constant Maturity Commodity Index gained as much as 3.1 percent to a record 1,447.015 yesterday, as crude oil, platinum, soybeans and gasoline touched their highest prices ever.

· The dollar strengthened after US data revealed a faster-than-expected rise in consumer price inflation in January, raising fears the Federal Reserve may not be able to keep cutting interest rates as aggressively as markets hope.

· The Labor Department said overall prices rose 0.4 pct, slightly above the 0.3 pct rise expected by economists polled by Thomson's IFR Markets, and pushing the annual rate of inflation back up to November's two-year high of 4.3 pct.

· Core inflation, which strips out volatile food and energy prices, rose 0.3 pct in January, slightly more than the 0.2 pct expected. On an annual basis, core inflation was up 2.5 pct year on year, the highest since Feb 2007.

· US housing starts figures were also released by the Commerce Department and showed a modest rebound, rising 0.8 pct to a 1.012 mln unit annual rate, very slightly above Thomson IFR Markets' expectations for 1.010 mln units.

Indian Bullion Spot Market

Precious metals gained in spot markets tracing Tuesday's rally in international markets.

· In Mumbai markets, gold (995) finished at Rs 12,005 per 10 gm and gold (.999) at Rs 12,060/10gm respectively. Arrivals in gold were at 150 kilos. Silver (.999) closed at Rs 22,135/kg. Arrivals in silver were at 150 kilos.

· Chennai gold (995) and gold (.999) rose by Rs 240 to finish at Rs 12,010/10gm and Rs 12,060/10gm respectively whereas Silver (.999) was up by Rs 250 to close at Rs 21,650/kg.

· Jaipur gold standard increased by Rs 200 to close at Rs 12,100/10gm whereas Silver (.999) finished at Rs 22,000/kg, up by Rs 200.

· Ahmedabad gold (995) escalated by Rs 175 to end at Rs 12,010/10gm and gold (.999) by Rs 170 to end at Rs 12,060/10gm respectively whereas Silver (.999) closed at Rs 22,150/kg, up by Rs 50.

· In Delhi bullion markets, gold (995) and gold (.999) closed higher by Rs 190 at Rs 11,980/10gm and Rs 12,040/10gm respectively whereas Silver (.999) ends at Rs 21,840/kg, up by Rs 615.


MCX Gold Apr

Technical Outlook:

Momentum studies are bullish but are now at overbought levels and will tend to support reversal action if it occurs. The daily stochastics have crossed over up which is a bullish indication. The stochastics indicators are rising from oversold level, which is bullish and should support higher prices. The market's short-term trend is positive as the close remains above the 9-day moving average. The downside closing price reversal on the daily chart is somewhat negative.

Recommendations:

MCX Gold April: Buy at 11820 for the target of 11930 and 12000 with stop loss at 11765


MCX Silver Mar

Technical Outlook:

Momentum studies are bullish but are now at overbought levels and will tend to support reversal action if it occurs. The daily stochastics have crossed over up which is a bullish indication. The stochastics indicators are rising from oversold level, which is bullish and should support higher prices. The market's short-term trend is positive as the close remains above the 9-day moving average. The downside closing price reversal on the daily chart is somewhat negative.

Recommendations:

MCX Silver March: Buy at 22300-340 for the target of 22600 and 22850 with stop loss at 22160

MCXARUN
9994500540

Technicals – MCX (Intra day calls)

CRUDE OIL (March) BULLISH ABOVE 3950 BEARISH BELOW 3930



GOLD (April) BULLISH ABOVE 11930 BEARISH BELOW 11890



SILVER (March) BULLISH ABOVE 22580 BEARISH BELOW 22480



COPPER (February) BULLISH ABOVE 325.90 BEARISH BELOW 324.70



LEAD (February) BULLISH ABOVE 130.6 BEARISH BELOW 130



NICKEL (February) BULLISH ABOVE 1120 BEARISH BELOW 1113



ZINC (February) BULLISH ABOVE 95.90 BEARISH BELOW 95.50

MCXARUN
9994500540

Precious Metals Futures

COMEX Gold:

Gold trading is weaker in ACCESS trade this morning extending the prior sessions weaker close. Trend indicators are showing the market in a neutral price pattern at present.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 10-Day simple moving average has a strong bearish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.

MOMENTUM INDICATORS:
MACD: The MACD is in bearish territory.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 54.57). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 54.57 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating oversold prices.

RESISTANCE AND SUPPORT LEVELS:

943.72 - 20-Day Simple Moving Average Plus 2 Standard Deviations
942.20 - Highest High in last 50-Days
941.80 - Highest High in last 10-Days
926.43 - 20-Day Simple Moving Average Plus 1 Standard Deviation
912.20 - High
910.74 - 10-Day Simple Moving Average
910.07 - 3-Day Simple Moving Average
908.90 - Last Price
908.70 - Low
905.96 - 25-Day Simple Moving Average
891.85 - 20-Day Simple Moving Average Minus 1 Standard Deviation
888.40 - Lowest Low in last 10-Days
874.56 - 20-Day Simple Moving Average Minus 2 Standard Deviations
868.26 - 50-Day Simple Moving Average
825.45 - 100-Day Simple Moving Average
789.60 - Lowest Low in last 50-Days
751.31 - 200-Day Simple Moving Average

COMEX Silver:

Silver futures are weaker this morning reversing the firmer tone seen during the prior session. Trend indicators are indicating a bullish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also bullish. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days and should be watched.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX is rising it indicates that the current trend is strong and should remain intact. Look for the current trend to continue.

MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 64.16). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 64.16 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.

RESISTANCE AND SUPPORT LEVELS:

17.650 - Highest High in last 50-Days
17.650 - Highest High in last 10-Days
17.645 - 20-Day Simple Moving Average Plus 2 Standard Deviations
17.390 - High
17.298 - 3-Day Simple Moving Average
17.290 - Low
17.290 - Last Price
17.169 - 20-Day Simple Moving Average Plus 1 Standard Deviation
16.979 - 10-Day Simple Moving Average
16.594 - 25-Day Simple Moving Average
16.230 - Lowest Low in last 10-Days
16.217 - 20-Day Simple Moving Average Minus 1 Standard Deviation
15.741 - 20-Day Simple Moving Average Minus 2 Standard Deviations
15.720 - 50-Day Simple Moving Average
14.974 - 100-Day Simple Moving Average
13.948 - 200-Day Simple Moving Average
13.740 - Lowest Low in last 50-Days

MCXARUN
9994500540

remember

//GOLD
LIKELY TO TEST 12000-12100 WITH ANY BREAK & CLOSE ABOVE 11810-875(APRIL)//

remember this long view call our long view calls gold 1st target hit

we gave that day before day need proof click here

SILVER
LIKELY TO TEST 22700-750 Max UPTO 23000 WITH ANY BREAK & CLOSE ABOVE 22425, ONLY CLOSE BELOW 21700 TEST 21400-21250 AGAIN(MAR)

silver 2nd target hit

CRUDE OIL
LIKELY TO TEST 3850-70-3900 WITH ANY BREAK & CLOSE ABOVE 3810, AND CLOSE ABOVE 3900-3935 RALLY TEST 4050-4100 ATLEAST(MAR)

crude all target hit and move to next target

LEAD
LIKELY TO TEST 130 UPTO 133 Max TO 140 WITH ANY BREAK & CLOSE ABOVE 123-125, WHILE CLOSE BELOW 116.5 TEST 113-111 ATLEAST
(FEB)

lead 2nd target hit

long view calls 85% accuracy in our prediction,
intraday and short time calls should be with stoploss

MCXARUN
9994500540

GENERAL MARKET CONDITIONS

Short term hot money has moved into commodities as all metals, energies and soft commodities continue to rise sharply every day. Expectations that commodities will outperform equities this year has also resulted in some long term investments coming at lower levels. The Fed cutting 2008 US growth prospects and saying that the US economy could face further setbacks even after a series of interest rate cuts also contributed to the metals rise. Gold and precious metals rises are still justified as they are a hedge against a global slowdown and dwindling value of the US dollar.

I am not a crude oil bull and higher crude oil prices will only increase the use of alternate energy and start affecting crude oil demand in the long term, In the short term crude oil prices can test $112 and $121. I still expect crude oil prices to top out next month.

We were doing a survey among our retail clients, friends, relatives and people whom we know over the past few weeks on their expectations of future gold prices. Most of them responded by saying that in the long term Indian prices will rise to INR 15,000 per ten grams. But they will wait for some more correction to invest in gold. When we told them they could invest in gold exchange traded funds (GETF), they responded by saying that they never knew of such an investment avenue and they were also hesitant to invest as they do not have a proven track record. Based on this, our conclusions are that Indian gold demand may be low at the moment, but certainly not down and out. Indian gold demand will rise and be normal as and when prices stabilize and investors get used to higher prices. There is still lack of awareness of investment in gold exchanged traded funds.

Momentum is bullish. Continue to buy on dips and looks for signs of a top being formed and then go short. Use higher stop losses and then go short.

GOLD -- APRIL FUTURE -- INTRA DAY PIVOT:$932.0

Gold is on the way to our target of $956.30 and $993 as long as $932 and $916 holds.

COPPER -- MARCH FUTURE -- INTRA DAY PIVOT: $366.0

Copper targets $382, $392 as long as $362 and $357 holds.

MCXARUN
9994500540